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20100901
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the shark. the man who wrote the notorious sitcom in u.s. history, or episode i should say, defends what he did with the fawns. maybe she's right. the show starts right now. well, apparently the president thinks if we keep printing money we don't have, ignore the ongoing extraction that's plaguing our country, eventually the economy will turn around. forget fixing the system that keeps all the capital with the select few who gamble it or incentivize those with capital to take it out of the country? why would you do that? call it free trade. the president's latest proposal, i should say, a spending tree of $50 on new infrastructure spending. now that we don't need the infrastructure, it's interesting to spend the money we don't have while you leave a giant hole in the bucket seeping out of the country. the president's plan to rebuild 150,000 miles of roads, 4,000 miles of rail line. critics lining up calling the president's plan an ineffective one that will plunge us further into debt. of course, the republicans no more ready to address our real problems, just happy to take the job of screwi
would be right. that's wrong. we don't have anymore money to spend. a lot of us don't have jobs anymore. this is a much deeper structural problem than obama is willing to accept. that's the number one problem. that's why we haven't had the recovery. joining us to explain it further is former secretary of labor under president clinton, robert rush. he's also chancellor of public policy at berkeley. his book "aftershock" the next economy in america's future will be out in september. secretary rush, do i have that roughly right? we have a confused crisis of confidence with a deep-seeded structural problem in the country? >> i think there is a deep-seeded structural problem. it's not just the business cycle. most people looking at this deep recession, this deep depression have said if you just get businesses and consumers to spend more, we'll be back up to where we should be, but there are deeper problems we are not addre addressing. >> let's talk about the problems. what caused the structural damage in the first place? >> for one people, people have fot had wage increases. if they do have
Search Results 0 to 1 of about 2

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